EXPAND ENERGY Corp (EXE): debt financing — Expand Energy enters $3.5B unsecured revolving credit facility maturing in 5 years

EXPAND ENERGY Corp

Initial aggregate commitments of $3.5B; incremental capacity up to $1.0B subject to conditions.
Facility includes $1.0B sublimit for letters of credit and $100M sublimit for swingline loans.
Interest at Term SOFR plus 1.125%-2.00% based on index debt rating; debt-to-capitalization covenant ≤65%.
Proceeds to refinance existing credit facility, finance working capital, and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EXPAND ENERGY Corp incurred revolving credit of $3.5 billion with JPMorgan Chase Bank, N.A. at term SOFR plus an applicable rate ranging from 1.125% to 2.00% per annum maturing five years from the Effective Date.

Instrument: revolving credit
Principal: $3.5 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: term SOFR plus an applicable rate ranging from 1.125% to 2.00% per annum
Maturity: five years from the Effective Date
Event: incurrence

Exact text from the filing

On September 30, 2025 (the “Effective Date”), Expand Energy Corporation (“Expand” or the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) with the lenders and issuing banks party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), providing for an unsecured revolving credit facility (the “Credit Facility”) with initial aggregate commitments of $3.5 billion

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Source: SEC EDGAR

accession 0001104659-25-095028

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